Affirm, a leading payment network that enables consumers to purchase what they want with flexibility and helps drive merchant growth, has announced a major global long-term partnership with UATP, a network owned and operated by a consortium of airlines worldwide. This collaboration will integrate Affirm’s flexible and transparent installment payment options directly into UATP’s network, which includes thousands of major airlines, rail carriers, and travel agencies.
Benefits of the Partnership:
- Global Reach and Consumer Flexibility
- UATP’s integration of Affirm expands the payment ecosystem, offering UATP merchants in the US, UK, and Canada seamless access to popular short-term interest-free installment plans and longer-term flexible payment options with no late fees or hidden charges.
- Rising Demand for Flexible Payment Solutions
- Affirm has seen a nearly 40% growth in travel and ticket purchases by consumers as of December 31, 2024. This partnership directly addresses the increasing demand for flexible payment options within the global $11 trillion travel market.
- Improving the Travel Experience
- Max Levchin, founder and CEO of Affirm, emphasized the value of this partnership in offering greater transparency and flexibility, helping reduce the stress often associated with travel expenses and traditional credit options.
- Enhanced Merchant Offerings
- By offering Affirm at checkout, UATP merchants can responsibly provide more choices and flexibility to their customers. Upon choosing Affirm, customers will undergo a quick eligibility check and, if approved, can select a payment plan with rates as low as 0% APR and terms up to 36 months. There are no late fees or hidden charges, unlike traditional credit card services.
- Increased Merchant Loyalty and Growth
- Affirm’s transparent and flexible payment options lead to greater consumer loyalty and growth for merchants. More than 50 million consumers trust Affirm, with over 90% of Affirm transactions completed by recurring users. Merchants using Affirm report a 70% increase in average order value and a 28% reduction in cart abandonment.
This new partnership between Affirm and UATP marks a significant milestone in enhancing the travel payment experience, bringing transparency and flexibility to consumers and driving growth for merchants. UATP merchants in the US, UK, and Canada can learn more about how Affirm can help them grow their businesses and better serve their customers.
